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17% of homeowners plan renovations this year

Analysis

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Around 17% of Hungarian homeowners plan renovations over the coming year, according to a representative survey by economic research company GKI and building materials company Masterplast, writes napi.hu.

The survey, conducted quarterly, suggests some 700,000 homes could be renovated in the next twelve months, 120,000 more than in the previous quarter and 130,000 more than in the same period a year earlier. Around 3.5% of respondents said they are "certain" to renovate and 13.4% said they would "probably" renovate in the next year.

As in previous surveys, the strongest intention to renovate is being felt among the residents of single-family homes, while these opportunities captured the imagination of the residents of panel homes the least. The plans of the residents of the brick-built condominiums correspond to the sample average, according to the summary of the results of the survey.

Compared to the previous survey a quarter ago, the desire to renovate has increased in almost all types of settlements and all regions. The largest share is in Budapest, where 18% of the surveyed households are preparing to renovate, compared to 8% in April.

 

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